Halliburton: Ripe for Discovery

Investors aren't giving the oil services giant the respect it deserves for its international business.

For all the talk about hydrocarbons flowing anew, only a third of the oil in the average well actually gets out of the ground and all the way to market.

The spigot for crude and natural gas won't flow freely without creative techniques such as fracturing underground rock or cementing the pipes that lead to deepwater wells. And in these pursuits, energy services giant Halliburton (ticker: HAL) has an edge. Exploration and production...